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Fri 2 Aug 2019, 10:30 A E C I LIMITED - Dealing in securities by a director
AFE AFEP AECI03 AECI04 AECI01 AECI02 201908020022A
Dealing in securities by a director

AECI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN ZAE000000238
Bond company code: AECI
("AECI" or "the Company"')

DEALING IN SECURITIES BY A DIRECTOR

In compliance with JSE Limited Listings Requirements, shareholders are advised of the following sale under
the AECI Long-term Incentive Plan ("LTIP") in respect of the awards that vested on 30 June 2019:

Name:                                    Mark Kathan
Position and company:                    Chief Financial Officer, AECI
Date of transaction:                     1 August 2019
Nature of transaction:                   On-market sale of ordinary shares to settle the tax obligations
                                         arising from the LTIP
Number of securities:                    12 969
Class of securities:                     Ordinary shares
Price per security:                      9 288,35 cents
Total value of transaction:              R1 204 606,11
Highest price                            9 340,00 cents
Lowest price                             9 220,00 cents
Extent of interest:                      Direct beneficial
Clearance to deal obtained:              Yes

Woodmead, Sandton
2 August 2019

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 02/08/2019 10:30:00
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